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Apr 29, 2014 4:00am PDT
about this russia situation. are there any plays you're doing? are you shorting anything or buying anything? >>i'm looking to get short oil and the grain markets as soon as some of this trouble wears off. we're seeing a lot of fear premium, especially in oil. we are still in what we call backward ation oil so the front month premium is so high. i think as soon as the troubles in russia resolve oil comes crashing down hard. >>thank you. good to have you on the show. >>thank you angie. sanctions that cut off business, freeze assets and ban travel are in place against 15 more russian government officials. that brings the total to 28 as the u.s. and europe attempt to get the president of russia to desclate the conflict in ukraine. i think the hope of the sanctions is that some of these guys are going to turn around to the friend vladimeir putin and say vlad, this is really hurting our business, can we scale it back a little bit. that's the scenario we hope will be affected by the sanctions. among businessmen targeted by sancations the president of the russan state oil company rosneft
Apr 28, 2014 4:00am PDT
're seeing with the stock market in russia, that's going to put some serious pressure. they are 25% off their highs from october and they're down near 5 year lows. that's going to cause a change over there more so than any military issues that we may come across. >>we begin the back half of the earnings season today. what's on your list? >>i'm happy and i'm more happy with the market reaction than anything else. that's how we measure things. the markets have reacted very well. just a couple days ago we were within 10 points of the all time highs in the s&p. keeping that kind of scorecard, the markets respect and enjoy what's going on with earnings and what i like is the fact that we're not seeing a whole lot of downward guidance for next quarter which reflects well. that's what's held the market back a little bit here recently and i think that's very much a positive. what apple came out withnothing but positive news. that can add another layer of support to the nasdaq because it's such a big component when it comes to tech. >>what do you think about the overall market conditions? is thi
Search Results 0 to 1 of about 2